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1.Rollins Corp. can issue new 30-year bonds carrying a 18.00 percent coupon, paid semiannually, at par. the floatation cost is 5.00 percent. the firm's combined

1.Rollins Corp. can issue new 30-year bonds carrying a 18.00 percent coupon, paid semiannually, at par. the floatation cost is 5.00 percent. the firm's combined (federal, state, and local) marginal tax rate is 40 percent. the firm's after-tax cost of new debt is?

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